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Morning Market Wrap: Dollar firms in early Asian trade

The Australian dollar opened stronger today, firming in early Asian trade after falling alongside the euro overnight. At 0700 AEDT the local unit was trading at $US0.7392/97 compared with yesterday's close of 0.7363/73. The Australian dollar fell to ...

Midday Market Wrap: Market lower at noon

The Australian share market remained slightly lower at noon following a weaker session in offshore markets overnight. At 1200 AEDT, the benchmark S&P/ASX 200 index was down 4.1 points at 3207.1, while the all ordinaries index was 3.5 points lower at ...

Christmas spirit replaced by outrage as FPA cut 22 staff

Recently appointed Financial Planning Association (FPA) chief executive Kerrie Kelly has announced her first action in her new role, bringing the axe down on 22 staff, clearing the way for a complete restructure of the representative body. "It would ...

Bridges chief to step down next month

Bridges Financial Services managing director David Bleakley will depart the group early next month, Tower Limited announced yesterday. He is to be replaced by David Wren, who has been appointed acting chief executive officer. Mr Wren will report to ...

Morning Market Wrap: Dollar weaker on US unit comeback

The Australian dollar was weaker at the open following an overnight US dollar comeback triggered by an improved US economic outlook. At 0700 AEDT the local unit was trading at $US0.7394/99 compared with yesterday's close of 0.7397/02. It reached a high ...

Three months to go as ASIC fast tracks AFS licence applications

The Federal Government has continued to remind financial sector participants about the need to apply for their AFS licences promptly, with only three months remaining until the end of the transition to the Financial Services Reform (FSR) Act. Parliamentary ...

SMF enhance distribution capabilities

Melbourne-based SMF Funds Management (SMF) has moved to strengthen its distribution presence, announcing the acquisition of advisory group LynchPin Financial Services Pty Ltd. The two organisations have been closely associated for a number of years ...

AMP expected to reveal rights offer details next week

AAP  |  WEDNESDAY, 10 DEC 2003
Financial services group AMP Ltd is expected to reveal next week if its $1.2 billion rights offer suffered a shortfall. Some market watchers fear AMP might have had trouble attracting enough investors to its rights offer, which closed last night. An ...

Morning Market Wrap: Dollar hits new six-year high

The Australian dollar posted a new six year high above 74 US cents overnight ahead of the US Federal Reserve's (Fed) decision to leave interest rates unchanged. At 0700 AEDT the local unit was trading at $US0.7414/19 compared with yesterday's close ...

Midday Market Wrap: Market lower at noon

The Australian stock market remained slightly lower at noon, despite a firmer session in the United States overnight. At 1204 AEDT, the benchmark S&P/ASX 200 index was down 2.2 points at 3222.9 while the all ordinaries index moved 3.8 points lower to ...